M/s.IBS Software P. ltd, Trivandrum V. The ACIT, Trivandrum

CO 1/COCH/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6694 (ITAT-COCHIN)
• Duration Of Justice: 1 year(s) 1 month(s) 9 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 07-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 07-04-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 28-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: GAYATHRI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI CHANDRA POOJARI AM & SHRI GEORGE MATHAN, JM ITA NO. 748 / COCH / 2019 (ASSESSMENT YEAR: 2010 - 11 ) DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1) 3RD FLOORM AAYAKAR BHAVAN KOWDIAR, THIRUVANANTHAPUAM VS. M/S. IBS SOFTWARE SECIVES P. LTD. 521 - 524, NILA TECHNOPARK KARIAVAVTTOM THIRUVANANTHAPURAM 695681 PAN AAACI6825N APPELLANT RESPONDENT CO NO. 01 / COCH / 20 2 0 (ARISING OUT OF ITA NO. 748/COCH/2019) (ASSESSMENT YEAR: 2010 - 11 ) M/S. IBS SOFTWARE SECIVES P. LTD. 521 - 524, NILA TECHNOPARK KARIAVAVTTOM THIRUVANANTHAPURAM 695681 VS. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1) 3RD FLOORM AAYAKAR BHAVAN KOWDIAR, THIRUVANANTHAPUAM PAN AAACI6825N CROSS OBJECTOR APPELLANT IN APPEAL REVENUE BY: SMT. J.M. JAMUNA DEVI, SR. DR ASSESSEE BY: SMT. GAYATHRI DATE OF HEARING: 0 7 .04.2021 DATE OF PRONOUNCEMENT: 0 7 . 04.2021 O R D E R PER BENCH THIS APPEAL FILED BY REVENUE IS DIRECTED AGAINST THE ORDER OF THE CIT(A) THIRUVANANTHAPURAM DATED 11.10.2019 FOR A.Y. 2010 - 11 . ASSESSEE HAS FILED A CROSS OBJECTION AGAINST THE APPEAL OF THE REVENUE 2. SMT. J.M. JAMUNA DEVI, SR. DR APPEARED ON BEHALF OF THE REVENUE AND SMT. GAYATHRI APPEARED ON BEHALF OF THE ASSESSEE. ITA NO. 748 /COCH/ 2019 & CO NO. 01 M/S. IBS SOFTWARE SECIVES P. LTD. 2 3. AT THE TIM E OF HEARING THE LEARNED A.R. FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAS FILED AN APPLICATION UNDER VIVAD - SE - VISWAS SCHEME OF 2020. THE SAME HAS ALSO BEEN ACCEPTED BY THE REVENUE AND INTIMATION IN THIS REGARD HAS BEEN ISSUED. A COPY OF THE SAME IS TA KEN NOTE OF AND KEPT ON RECORD. 4. AS THE ASSESSEES APPLICATION UNDER VIVAD - SE - VISWAS SCHEME 2020 HAS BEEN ACCEPTED BY REVENUE AND APPEAL FILED BY THE REVENUE NO MORE SURVIVES AND CONSEQUENTLY THE APPEAL STANDS DISMISSED AS WITHDRAWN. SINCE THE APPEAL OF TH E REVENUE IS DISMISSED HE CROSS OBJECTION THE ASSESSEE BECOMES INFRUCTUOUS, HENCE DISMISSED. 5. DICTATED AND PRONOUNCED IN THE OPEN COURT ON 7 TH APRIL, 2021. SD/ - SD/ - (CHANDRA POOJARI ) ( GEORGE MATHAN ) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN , DATED: 7 TH APRIL, 2020 COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT(A) - THIRUVANANTHAPURAM 4. THE PR. CIT - THIRUVANANTHAPURAM 5. THE DR, ITAT, COCHIN 6. GUARD FILE BY ORDER //TRUE COPY// ASSISTANT REGISTRAR ITAT, COCHIN N.P.